SEC Form 4 · accession 0001209191-15-046204
PANERA BREAD CO · PNRA
Statement of changes in beneficial ownership, as filed. Original on EDGAR ↗
Reporting owner
Andrew H Madsen
Officer — President
Period of report
May 20, 2015
Accepted (ET)
May 22, 2015 · 4:57 pm EDT
Rule 10b5-1 plan
unknown — predates the checkbox
Issuer CIK
0000724606
Table I — non-derivative securities
| Security | Date | Code | Shares | Price | A/D | Owned after | D/I | Nature of ownership |
|---|---|---|---|---|---|---|---|---|
| Class A Common StockF1 | May 20, 2015 | A | 474 | $0.00 | A | 474 | D | |
| Class A Common StockF2 | May 20, 2015 | A | 474 | $0.00 | A | 948 | D | |
| Class A Common StockF3 | May 20, 2015 | A | 1,775 | $0.00 | A | 2,723 | D | |
| Class A Common StockF4 | May 20, 2015 | A | 1,775 | $0.00 | A | 4,498 | D | |
| Class A Common StockF5 | May 20, 2015 | A | 8,058 | $0.00 | A | 12,556 | D |
Table II — derivative securities
No Table II lines on this filing.
Explanation of responses
- F1Represents a grant of restricted shares of Class A Common Stock, par value $0.0001 per share ("Class A Common Stock"), under the Company's 2005 Long-Term Incentive Program, as amended ("LTIP"), and the Company's 2006 Stock Incentive Plan (the "Plan"). These shares vest over a five-year period, with 25% of the original number of shares vesting on the second anniversary of the date of the grant, and an additional 25% of the original number of shares vesting on each of the third, fourth and fifth anniversary of the date of grant.
- F2Represents a grant of restricted shares of Class A Common Stock that the Reporting Person elected to receive under a Choice Award pursuant to the LTIP. These shares vest over a five-year period, with 25% of the original number of shares vesting on the second anniversary of the date of the grant, and an additional 25% of the original number of shares vesting on each of the third, fourth and fifth anniversary of the date of grant.
- F3Represents a grant of restricted shares of Class A Common Stock, under the Plan. These shares vest on February 26, 2018.
- F4Represents a grant of restricted shares of Class A Common Stock that the Reporting Person elected to receive under a Choice Award. These shares were issued under the Plan. These shares vest on February 26, 2018.
- F5Represents a grant of restricted shares of Class A Common Stock under the Plan. These shares vest as to 33.3% of the original number of shares on the first anniversary of the date of grant and as to an additional 33.3% of the original number of shares on each of the second and third anniversary of the date of grant.